Downstream

Stakeholders in the economy, especially the oil and gas sector, have renewed the push for total deregulation of the downstream oil industry. Their worry is that the huge foreign exchange (forex) spent on fuel importation through subsidy…
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*The refineries have continued to be a drain to the economy The federal government’s Economic Recovery and Growth Plan (ERGP), which contains the road map for Nigeria’s economic development, has already failed in its target of revamping…
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The Nigerian Employers’ Consultative Association (NECA) has urged the Federal Government to remove fuel subsidy, which has become a conduit pipe for the misappropriation of funds. It argued that it subsidy was not sustainable, as the…
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Following media reports that daily subsidy payouts by the government had hit N2.43 billion, the Petroleum Products Pricing Regulatory Agency (PPPRA) on Monday debunked the claims, saying it had not computed subsidy claims since 2015. …
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The Petroleum Products Pricing Regulatory Agency (PPPRA) said it has observed a downward trend in the Expected Open Market price of petrol to be below the government …
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With an estimated N1.149, 385 trillion expected to go into the payment of subsidy in 2019, and mere N305 billion allocated for the purpose in the 2019 budget proposals, the country may run into a massive budget deficit if nothing is done…
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Stakeholders in oil and gas industry yesterday said that total deregulation of the downstream sector of the petroleum industry would unlock the huge private investment potentials in the sector and stimulate sustainable growth. They…
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The management of MRS Oil Nigeria Limited on Friday announced that it has changed the location of its corporate headquarters in Lagos. The new development was communicated to the Nigerian Stock Exchange (NSE) in a disclosure notice…
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FSDH Research, trusted providers of market intelligence has said that certain key events, both at the global level and in Nigeria, will influence economic and business activities in 2019. FSDH Research examines a few of these events and…
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The federal government has set a target which aims at achieving a 40 per cent energy switch from the consumption of Premium Motor Spirit (petrol), Dual Purpose Kerosene (kerosene) and Automotive Gas Oil (diesel), to the use of Liquefied…
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